Retirement plan

JSW STEEL USA OHIO, INC. 401(K) PLAN

Name: JSW STEEL USA OHIO, INC. - JSW STEEL USA OHIO, INC. 401(K) PLAN (2023) Form 5500
Creator: JSW STEEL USA OHIO, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, JSW STEEL USA OHIO, INC. 401(K) PLAN, JSW STEEL USA OHIO, INC.

JSW STEEL USA OHIO, INC.EIN 81-3308222Plan #001PY 2023

1500 COMMERCIAL AVENUE - MINGO JUNCTION, OH 43938281-383-4154LinkedIn1-10 employeesmining & metals

Prospect flagsLow assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$7.4M

+45.1% from 2022

Total participants

419

+21.4% from 2022

Average account balance

$17,960

+19.5% from 2022

Annual return

25.61%

+34.97 pp from 2022

Benchmarks

See 2,423 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,423 peers

Snapshot2023

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$10.34M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$26K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

392

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.98M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+21.96%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$161

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 3 by compensation

Provider	Service type	Compensation
JOHN HANCOCK LIFE INSURANCE COMPANY1 year Filed as: JOHN HANCOCK Service code 15 · EIN 01-0233346	Recordkeeping	$18,576
GALLAGHER FIDUCIARY ADVISORS, LLC1 year Service code 27 2850 GOLF ROAD · RILING MEADOWS, IL 60008	Advisory (Plan)	$7,013
BKS RETIREMENT SERVICES1 year Filed as: BKS FINANCIAL INVESTMENTS LLC Service code 27 · EIN 84-1921272	Advisory (Plan)	$5,246

Plan features & details

Pension benefit codes2E2F2G2J2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

2 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$38K

$120 / participant

Recordkeeping$8K20.0%
Investment mgmt$280.1%
Contract admin$31K80.2%

% of EOY assets

0.517%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MELTON & MELTON
Auditor EIN: 741550819
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$17,960

$99,168-81.9%

$96,534-81.4%

$74,460-75.9%

Participation rate

98.4%

80.7%+17.8pp

76.0%+22.5pp

70.7%+27.7pp

Annual return

25.61%

22.40%+3.2pp

25.88%-0.3pp

34.38%-8.8pp

Employer contribution / active EE

$2,609

$2,570+1.5%

$2,965-12.0%

$2,638-1.1%

Participant deferral / active EE

$3,171

$4,936-35.8%

$4,851-34.6%

$4,530-30.0%

Admin fee / account holder

$93

$225-58.7%

$8,253-98.9%

$348-73.3%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY1 year

Filed as: JOHN HANCOCK

Service code 15 · EIN 01-0233346

Recordkeeping

$18,576

GALLAGHER FIDUCIARY ADVISORS, LLC1 year

Service code 27

2850 GOLF ROAD · RILING MEADOWS, IL 60008

Advisory (Plan)

$7,013

BKS RETIREMENT SERVICES1 year

Filed as: BKS FINANCIAL INVESTMENTS LLC

Service code 27 · EIN 84-1921272

Advisory (Plan)

$5,246

JSW STEEL USA OHIO, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

JSW STEEL USA OHIO, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion